INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)

PART XII - DROUGHT INVESTMENT ALLOWANCE  

Division 6 - Special provisions about leasing companies  

Subdivision A - Partnerships  

SECTION 662  

662   LOSS OF PARTNER DEDUCTION IF PRE-LEASE CONTRACT ETC.  
A partner is not entitled to a deduction as a result of section 661 if, before the partnership leased the item of drought mitigation property to the lessee, the lessee entered into a contract or arrangement with another person for the use of the item by the other person.